How Many McCormick & Company, Incorporated (NYSE:MKC)’s Analysts Are Bearish?

January 14, 2018 - By Adrian Erickson

 How Many McCormick & Company, Incorporated (NYSE:MKC)'s Analysts Are Bearish?
Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.77, from 0.86 in 2017Q2. It is positive, as 44 investors sold McCormick & Company, Incorporated shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported.
Ironwood Counsel Ltd Limited Liability Company holds 7,476 shares. Glenmede Na invested 0% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). New Mexico Educational Retirement Board stated it has 0.05% in McCormick & Company, Incorporated (NYSE:MKC). Ct Mason reported 4,615 shares. Ig Mgmt holds 43,600 shares. Westpac Bk has 0.02% invested in McCormick & Company, Incorporated (NYSE:MKC). Ironwood Investment Mgmt Limited Liability Corporation has 0.27% invested in McCormick & Company, Incorporated (NYSE:MKC). Janney Montgomery Scott Limited Liability Corp accumulated 0.06% or 49,827 shares. Mathes Co reported 1.23% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). 547,561 were accumulated by Ubs Asset Management Americas. Lafayette Invests, a Maryland-based fund reported 32,117 shares. Moreover, Oakbrook Invests Ltd has 1.74% invested in McCormick & Company, Incorporated (NYSE:MKC) for 262,917 shares. Oregon Public Employees Retirement Fund invested in 0.05% or 27,519 shares. 785,000 were accumulated by Parnassus Invests Ca. Ls Investment Advsrs Limited Liability Corp invested in 40,604 shares.

Since September 29, 2017, it had 0 insider purchases, and 3 selling transactions for $1.36 million activity. 5,000 shares valued at $497,500 were sold by MANGAN MICHAEL D on Monday, October 30. 3,000 shares valued at $296,050 were sold by HRABOWSKI FREEMAN A III on Friday, October 13.

McCormick & Company, Incorporated (NYSE:MKC) Ratings Coverage

Among 12 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. McCormick & Company had 38 analyst reports since August 20, 2015 according to SRatingsIntel. The company was downgraded on Friday, September 16 by Bernstein. Citigroup maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Wednesday, March 30. Citigroup has “Sell” rating and $84 target. The firm earned “Hold” rating on Wednesday, October 12 by Jefferies. Credit Suisse maintained McCormick & Company, Incorporated (NYSE:MKC) on Tuesday, August 22 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, September 29 with “Hold”. The company was upgraded on Monday, August 24 by Zacks. UBS initiated the shares of MKC in report on Wednesday, February 24 with “Neutral” rating. The stock has “Hold” rating by BB&T Capital on Thursday, February 18. Stifel Nicolaus maintained McCormick & Company, Incorporated (NYSE:MKC) on Monday, July 24 with “Hold” rating. Jefferies maintained McCormick & Company, Incorporated (NYSE:MKC) on Monday, October 30 with “Buy” rating. Below is a list of McCormick & Company, Incorporated (NYSE:MKC) latest ratings and price target changes.

30/10/2017 Broker: Jefferies Rating: Buy Old Target: $115 New Target: $120 Maintain
03/10/2017 Broker: Jefferies Rating: Buy New Target: $110.0 Maintain
02/10/2017 Broker: Citigroup Rating: Neutral Old Target: $100 New Target: $108 Maintain
29/09/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $103.0 Maintain
29/09/2017 Broker: Credit Suisse Rating: Outperform Old Target: $112 New Target: $115 Maintain
18/09/2017 Broker: Credit Suisse Rating: Outperform Old Target: $108 New Target: $112 Maintain
31/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $95.0 Maintain
30/08/2017 Broker: Jefferies Rating: Buy New Target: $110.0 Maintain
22/08/2017 Broker: Credit Suisse Rating: Buy New Target: $108.0 Maintain
28/07/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $90 Upgrade

The stock increased 0.01% or $0.01 during the last trading session, reaching $101.01. About 572,724 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since January 14, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

McCormick & Company, Incorporated makes, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company has market cap of $13.24 billion. The firm operates through two divisions, Consumer and Industrial. It has a 28.04 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

Another recent and important McCormick & Company, Incorporated (NYSE:MKC) news was published by Nasdaq.com which published an article titled: “McCormick & Company, Incorporated (MKC) Ex-Dividend Date Scheduled for …” on December 27, 2017.

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